Paccar Mexico to auction Ps. 600 million certificados bursatiles in two tranches Wednesday

By Reshmi Basu

New York, Dec. 6 - Paccar Mexico SA de CV Sofol plans to sell Ps. 600 million of certificados bursatiles (/mxA-1+/) in two tranches on Wednesday.

The company plans to issue Ps. 250 million of 42-day certficados bursatiles. Maturity for the issue is Jan. 19, 2006.

The second tranche includes Ps. 350 million of 91-day certificados bursatiles. The maturity date is March 9, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.

Settlement is scheduled for Thursday.

The issue number for the 42-day issue is 017 in Paccar's current certificados bursatiles program and the 91-day issue is 018.

The Mexico City-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.

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